Could a Tariff on Apple’s iPhone Affect Its Demand?
Of late, Apple (AAPL) has been witnessing sluggish demand for its iPhones, making investors jittery. Apple reported better-than-expected revenue and earnings in the fourth quarter of fiscal 2018 but missed iPhone shipment estimates on November 1. The company reported iPhone unit shipments of 46.9 million in the quarter, down from analysts’ expectation of 47.5 million units.